Eight foreign firms eager to invest in Batam

19 March, 2012 | Source: ANTARA News

Batam, Riau Islands (ANTARA News) - Eight foreign companies expressed interest in investing a total of US$10.4 million in Batam, Riau Islands province, in February 2012, a local official said.

The eight companies came from Singapore, Malaysia, India, the United States, Germany, and South Korea, Dwi Djoko Wiwoho, director of one-stop integrated services and public relations at the Batam Management Board (BP Batam), said here on Friday.

"Most of the companies were interested in the electronic industry. Only a few of them were eager to engage in the shipping industry," he said.

He said this year BP Batam was focusing on promoting its investment potentials to Asia, East Asia in particular after the European and US crises had shown no signs of recovery.

"However, European and US companies are still interested in investing in Batam. This is encouraging," he said.

He expressed hope that Batam would remain as a main investment destination for American and European countries.

BP Batam has set itself the target of attracting 100 foreign investors this year.

"Until February 12 investors have expressed keen interest in investing in Batam. And 10 of them have realized their investment commitment," he said.

 

The Indonesian government has ensured that people in the age group of over 18 years will receive the COVID-19 vaccine to expand vaccination coverage to 70 percent across Indonesia.
The Indonesian government plans to issue savings sukuk (Islamic bonds), series ST007, to expand the base of retail investors in the domestic financial market and finance green projects in the state budget (APBN).
President Joko Widodo recently signed a regulation specifying the procurement and immunization schedule for the COVID-19 vaccine for Indonesia, which has been battling the deadly disease since March 2 this year.
President Joko Widodo on Wednesday said the coronavirus pandemic has reminded the nation and the state of the importance of science and technology.
Indonesian Foreign Affairs Minister Retno Marsudi offered her condolences and sympathies to the families of the victims of the explosion that rocked Beirut in Lebanon on Tuesday evening.
Indonesia is working with South Korea to develop a vaccine for the novel coronavirus disease, in addition to collaborating with China.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu